REGISTERED NUMBER: SC245350 (Scotland)

W.D. Paul Funeral Directors Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Paul

Mrs M Paul

REGISTERED OFFICE:

5 Main Street

Gorebridge

Midlothian

EH23 4BX

REGISTERED NUMBER:

SC245350 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

FIXED ASSETS

Tangible assets

4

81,580

103,217

Investments

5

210,197

201,982

291,777

305,199

CURRENT ASSETS

Stocks

10,863

9,400

Debtors

6

16,522

21,207

Cash at bank and in hand

158,971

89,728

186,356

120,335

CREDITORS

Amounts falling due within one year

7

43,175

22,054

NET CURRENT ASSETS

143,181

98,281

TOTAL ASSETS LESS CURRENT LIABILITIES

434,958

403,480

PROVISIONS FOR LIABILITIES

7,824

18,243

NET ASSETS

427,134

385,237

CAPITAL AND RESERVES

Called up share capital

120

120

Capital redemption reserve

9

60

60

Fair value reserve

9

80,197

83,473

Retained earnings

9

346,757

301,584

SHAREHOLDERS' FUNDS

427,134

385,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2026 and were signed on its behalf by:

Mr A Paul - Director

1.	STATUTORY INFORMATION

W.D. Paul Funeral Directors Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the businesses accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover and revenue recognition

Turnover represents amounts invoiced for the provision of funeral arrangements, excluding value added tax. Income is recognised in the period during which the services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account in the period to which they relate.

Investments

Investments are initially recorded at cost then revalued to fair value.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

225,621

Additions

8,640

Disposals

(80,648

)

At 31 March 2026

153,613

DEPRECIATION

At 1 April 2025

122,404

Charge for year

30,277

Eliminated on disposal

(80,648

)

At 31 March 2026

72,033

NET BOOK VALUE

At 31 March 2026

81,580

At 31 March 2025

103,217

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

201,982

Revaluations

8,215

At 31 March 2026

210,197

NET BOOK VALUE

At 31 March 2026

210,197

At 31 March 2025

201,982

Fair value comprises the original cost of investments acquired in 2011, 2012 and 2019 for £130,000 plus cumulative interest and revaluation gains to date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

13,938

18,525

Other debtors

2,584

2,682

16,522

21,207

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

4,209

12,442

Taxation and social security

27,620

5,421

Other creditors

11,346

4,191

43,175

22,054

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

618

618

9.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 April 2025

301,584

60

83,473

385,117

Profit for the year

83,797

83,797

Dividends

(41,900

)

(41,900

)

Transfers

3,276

-

(3,276

)

-

At 31 March 2026

346,757

60

80,197

427,014

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £41,900 (2025: £37,000) were declared to the directors.

The amount owed to directors at the balance sheet date was £119 (2025: £251). The balance is interest free with no fixed terms of repayment.